Success of the Increase in Share Capital by means of Private Placement – Eps raises an amount of 4,77 millions euros
Paris, 4 December 2015 – Electro Power Systems (« EPS », listed on Euronext Paris: EPS.PA), technology pioneer of clean energy storage systems (the “Company”), today announces the final terms and conditions of its increase in share capital by means of a private placement to institutional investors.
EPS placed 701.500 new shares, each with a nominal value of 0.20€, at a subscription price of 6,80 euros per share, issue premium included. The total amount subscribed is 4.770.200 euros, representing 9,77% of the share capital of the Company before the increase in share capital and a dilution of 8,90% for the existing shareholders. On an illustrative basis, a shareholder holding 1% of the share capital of EPS before to the increase in share capital will now hold a stake of 0,911% after the transaction.